Key Points
- Insider sale: Director Julie Neitzel sold 676 shares on April 15 at an average price of $223 per share for a total of $150,748, disclosed in an SEC Form 4 filing.
- Earnings and valuation: Heico beat quarterly estimates with EPS of $1.35 versus $1.26 and revenue of $1.18 billion (revenue up 14.4% YoY); the company has a market cap of $39.82 billion and a PE ratio of 56.40.
- Analyst views mixed but positive overall: Citigroup cut its price target from $400 to $323 while keeping a buy rating, and the consensus across analysts is a "Moderate Buy" with an average target of $358.71 (10 Buy, 7 Hold).
Heico Corporation (NYSE:HEI - Get Free Report) Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Heico Stock Down 2.4%
HEI opened at $285.39 on Friday. The firm has a 50 day moving average price of $303.86 and a 200 day moving average price of $316.55. The company has a market cap of $39.82 billion, a PE ratio of 56.40, a price-to-earnings-growth ratio of 3.58 and a beta of 1.07. Heico Corporation has a 1 year low of $234.48 and a 1 year high of $361.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06.
Heico (NYSE:HEI - Get Free Report) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company's revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. Sell-side analysts expect that Heico Corporation will post 4.2 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on HEI shares. Citigroup dropped their target price on shares of Heico from $400.00 to $323.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Wall Street Zen cut Heico from a "buy" rating to a "hold" rating in a report on Sunday, March 8th. UBS Group restated a "neutral" rating and issued a $371.00 price target (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $370.00 price target on Heico and gave the stock a "buy" rating in a report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $358.71.
Check Out Our Latest Report on Heico
Hedge Funds Weigh In On Heico
A number of institutional investors and hedge funds have recently bought and sold shares of HEI. Acadian Asset Management LLC boosted its holdings in Heico by 216.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,381 shares of the aerospace company's stock worth $368,000 after acquiring an additional 945 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in shares of Heico during the 2nd quarter valued at approximately $2,338,000. PDT Partners LLC boosted its stake in shares of Heico by 52.6% during the 2nd quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company's stock valued at $12,798,000 after buying an additional 13,443 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Heico by 10.8% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,794 shares of the aerospace company's stock valued at $1,572,000 after buying an additional 468 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Heico by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 5,717 shares of the aerospace company's stock valued at $1,875,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.
Heico Company Profile
(
Get Free Report)
HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.
HEICO operates through two principal business areas.
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